What Is a Quiet Title Action? A quiet title action is a type of legal proceeding used to identify who owns real property, fix a title error, or settle an ownership dispute. A party having a claim to land can bring an action to quiet title. Simply put, it is […]
Real Estate
26 posts
What Is Cash on Cash Return? Cash on cash return (CoC) is a rate of return metric that is commonly used in real estate investments. It compares total cash earned to total cash invested. The ratio can give you an idea of your property’s potential, but it is limited in […]
What Is a Modified Gross Lease? A modified gross lease is a rental agreement where the landlord and tenant share the responsibility of paying a property’s operating expenses. In general, the tenant pays base rent but also bears a proportional amount of the property’s other expenditures. For example, property taxes, […]
What is an Open Listing Agreement in Real Estate? An open listing refers to a home or property for sale whose owner is either selling independently or using multiple real estate agents or brokers with no exclusive contract. An open listing has two implications in real estate. It can refer […]
What Is a Hard Money Loan? A hard money loan is shorter-term financing secured by a hard asset or real property. These loans are usually arranged through an individual or company as opposed to a bank. A hard money loan is a type of loan that is often secured by […]
What Is Unencumbered? Unencumbered is used to describe an asset or property that is free and clear of creditor claims, judgments, liens. mortgages, or obligations. If a person is unencumbered, they are free of baggage. As a result, they don’t have anything to carry or they are emotionally carefree. Similarly, […]